Climate Foresight 2025

Figure 11 - LuxCS’ Verification Process The Protocol begins with a technical feasibility analysis of the site, carried out by an independent professional. After a positive technical analysis, an independent third-party audit verifies that the proposed methodology is suitable. The third phase is the Project Development itself, where the developer expands soil sampling and the forest inventory and performs calculations according to the validated methodology. Finally, a fter measuring the carbon in the area, the project undergoes verification by an independent third party. Unlike other protocols, LuxCS uses a hybrid blockchain architecture to model their blockchain network for development and information. This digital architecture allows stakeholders to verify the impact of their certified credits as well as track them, which enables transparency and integrity. After generation, credits can be retired immediately to offse t a c ompany’s emissions. Alternatively, credits can be traded until a company or individual acquires them for offsetting purposes. LuxCS’ Unique Qualities and Impact LuxCS aims to ensure accountability through the use of immutable blockchain technology, and has the ability to address systemic environmental issues at the intersection of biodiversity and carbon. Carbon markets have long been largely inaccessible to low socio-economic landholders, particularly in the Gl obal South. There is a perception that carbon markets are a top-down, impositional, and low-integrity initiative, with adverse socio-ecological outcomes for the globalpoor (Kim et al. 2024; Christensen et al. 2021). Consequently, these low socio-economiclandholders have perceived carbon markets as a negative practice. This has promoted an Climate Foresight: Transforming the Voluntary Carbon Markets, by Roger Spitz & James Balzer 27 © Disruptive Futures Institute, March 2025